Kuwait KMEFIC registered as market maker on Acico, Tamdeen
The market maker shall start performing its activity as January 5
By Staff Writer, Mubasher
Kuwait - Boursa Kuwait approved to register Kuwait and Middle East Financial Investment (KMEFIC) as a market maker on the securities of Acico Industries and Tamdeen Real Estate Company.
The market maker shall start performing its activity as of Sunday, 5 January, according to a bourse statement on Tuesday.
It is noteworthy to mention that on 26 December, Boursa Kuwait announced its approval to register KMEFIC as a market maker for the securities of First Dubai For Real Estate Development starting 29 December.
By the end of August, KMEFIC, a leading financial services company in the Kuwaiti market, was granted a renewable 3-year market maker licence in the bourse from the Capital Markets Authority (CMA).
The market maker system is a tool offered by Boursa Kuwait to develop the financial market, stimulate liquidity, and regulate institutional performance in the market.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW